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20121201
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Search Results 0 to 10 of about 11 (some duplicates have been removed)
the cliff. that's where senate majority leader harry reid says we're headed. can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett. "outfront" tonight, a stark warning from capitol hill. senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports fro
" tonight, the magic number after a whole week of harsh words here in washington and threats too, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said? a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for we're making progress. more evidence boehner's democratic coun
the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white house believes is already, pretty clearly, the framework for a final deal, and he can also
last night at the christmas in washington event. december 21st, diana ross. that's it for us. thanks for watching. "erin burnett out front" starts right now. >> out front next, president obama in michigan today, selling americans on his plan for taxes. we're 22 days away from the cliff. does the plan add up? >> and a daring rescue in afghanistan claimed the life of an american navy s.e.a.l. as we prepare to go to afghanistan, we take a closer look at the american troop presence and how many americans will stay. >>> and offfield violence leads to the death of two nfl players. why the violence on the field, though, is a much more important issue. let's go "out front." >> good evening, everyone. i'm erin burnett. "outfront" tonight, cliff, slope, grand canyon. i don't know, martian cave, jupiter like storm. is the fiscal cliff really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it could be a walk in the part compared with what could happen if lawmakers don't take a closer look at
absolutely right. what happens if we settle on what washington thinks is a big win? let's call it $3 trillion. >> i think $3 trillion, $4 trillion will be a sufficient number, erin, to sort of calm investment markets and to produce a real economy that is growth positive as opposed to growth negative. you know, the real problem going forward is, you know, we are going over the cliff no matter what and depends on whether we go over like will e. coyote or road run we are a parachute. that's the road runner with a ra pa ra chute and there's more taxes to raise and entitlements to cut over the ensuing years. >> that's i guess the problem. i prefer to be roadrunner with a ra pa parachute. how can washington do the deal that prevent it is country from -- to give a sense of the outcomes, could be borrowing costs skyrocket. the costs are very serious in the long term. right? >> i think they are. it involves what's known as fiscal drag to economists. basically when you raise taxes and lower entitlements, lower federal spending, that reduces economic growth and it will. it just depend on how slowly or h
. but first, we go to washington. house speaker john boehner today announced his so-called plan b, that's what he's calling it. if he and the president don't reach a deal on avoiding the fiscal cliff. dana bash takes a look at how that plan adds up and, well, what the president had to say about it. >> reporter: house speaker john boehner negotiating by phone with the president monday afternoon. the speaker's office released this photo to show he is trying to cut a broad deal to reduce the deficit and avert the fiscal cliff even though he's also now pursuing what he calls plan b. >> our plan b would protect american taxpayers who make $1 million or less and have all of their current rates extended. >> reporter: according to sources in the room, the speaker described this backup plan to house republicans as a way to try to inoculate the gop from political blame if fiscal cliff compromise talks fail. >> his point was we have to face reality and the reality is the president was re-elected, that taxes if we do nothing on every american are going up on january 1st. >> reporter: another goal of this
Search Results 0 to 10 of about 11 (some duplicates have been removed)